ZIP Code 48304 — Bloomfield Hills, MI Home Prices (2026)
The typical home in ZIP 48304 (Bloomfield Hills, Michigan) is worth about $552,000 at roughly $284 per square foot — 26% more affordable than the Bloomfield Hills median and 88% more expensive than the typical U.S. home.
How 48304 compares
ZIP 48304 is one of the more affordable ZIP codes in Bloomfield Hills: its typical home value of $552,000 ranks #3 of the 3 Bloomfield Hills ZIP codes we track (the citywide range runs from $552,000 in 48304 to $797,000 in 48301). Per square foot it costs about $284, against $292 for Bloomfield Hills as a whole, $190 for Michigan, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 48304 | $552,000 | $284 |
| Bloomfield Hills, MI | $743,000 | $292 |
| Michigan | $251,000 | $190 |
| United States | $294,000 | $195 |
Home value by size in 48304
Using this ZIP’s rate of about $284 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $284,000 |
| 1,500 sq ft | $426,000 |
| 2,000 sq ft | $568,000 |
| 2,500 sq ft | $710,000 |
| 3,000 sq ft | $852,000 |
Salary needed to buy a home in ZIP 48304
To buy the typical $552,000 home in ZIP 48304 with 20% down, you need a household income of roughly $150,000 a year (about $3,500 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $178,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $27,600 | $4,360/mo | $187,000/yr |
| 10% (+PMI) | $55,200 | $4,160/mo | $178,000/yr |
| 20% | $110,400 | $3,500/mo | $150,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 48304
At about $284 per square foot, here is roughly how much home different budgets get you in ZIP 48304:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 880 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1060 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1410 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1760 sq ft | around the typical home here |
| $600k | 2110 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 48304 home.
Estimate a specific home in 48304
The estimator below is pre-set to ZIP 48304 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Bloomfield Hills ZIP codes by home value
Where 48304 sits among Bloomfield Hills’s 3 ZIP codes:
ZIP 48304 home prices: frequently asked
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See the full Bloomfield Hills home values page, all Michigan cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.